DLF allocates ₹23,500 crore to finalize residential projects across Delhi-NCR and Mumbai with ₹10,429 crore cash reserves and RERA escrow funds. Targeting ₹20,000-22,000 crore sales in FY26 after Q1's ₹11,425 crore bookings, strengthening delivery credibility in high-end housing markets.
Noida Authority’s co-developer policy enables financially stable builders to take over stalled projects by resolving legal disputes and paying 25% dues upfront, promising faster delivery and risk reduction for homebuyers while aiding authorities and banks in debt recovery.
MahaRERA grants a six-month extension to real estate projects due to the pandemic's second wave, invoking the force majeure clause for projects expiring after Apr 15, 2021.
UP-RERA offers a nine-month extension for the registration of projects, aiming to speed up stagnant real estate development. The extension is subject to monitoring and specific conditions.
UPRERA extends project registration validity by three months due to the national lockdown. Deadlines for project completion and other statutory compliance are also extended.
The government has introduced draft rules ensuring developers compensate buyers for delayed project completions, aiming to enhance accountability in real estate transactions.
Crisil introduces real estate ratings to aid buyers in making informed decisions. The rating system assesses various parameters and will cover 21 projects across Tier-I and II cities.
HDIL's first quarter results show signs of recovery in the domestic realty sector, with both volumes and prices increasing.